Nvidia shares pop as CEO may be done selling shares after hitting preset plan limit

Published On Sep 24, 2024, 2:04 PM

Nvidia CEO Jensen Huang recently stopped selling shares after reaching a preset limit of 6 million shares, cashing in over $700 million ahead of schedule. Following this news, Nvidia's stock price increased by more than 4%. The company has benefited immensely from the artificial intelligence boom, and Huang remains the largest individual shareholder with significant holdings. Nvidia's strong performance this year is reflected in its stock, which has surged over 140%.

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Stock Forecasts

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Positive

Given the recent news about the CEO's cessation of stock sales, combined with the strong performance of Nvidia in the artificial intelligence sector, the stock is likely to continue to gain momentum as market sentiment remains positive.

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